Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 55.15% is in line with its 5-year average of 59.59%, near the low end of its 5-year range (42.99%–91.22%).
As of the fiscal period ended Thursday, April 30, 2026. 6.28% above its 12-month average of 51.89%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
55.15%
GROSS MARGIN AVG TTM
51.89%
GROSS MARGIN AVG 3Y
47.53%
GROSS MARGIN AVG 5Y
59.59%
GROSS MARGIN AVG 10Y
65.02%
GROSS MARGIN AVG 15Y
68.41%
GROSS MARGIN AVG 20Y
66.06%
CURRENT VS TTM AVG
+6.28%
CURRENT VS 3Y AVG
+16.03%
CURRENT VS 5Y AVG
-7.45%
CURRENT VS 10Y AVG
-15.18%
CURRENT VS 15Y AVG
-19.38%
CURRENT VS 20Y AVG
-16.52%
SECTOR MEDIAN · FINANCIAL SERVICES
56.08%
median of 97 covered companies
CURRENT VS SECTOR MEDIAN
-1.65%
vs the sector median at left
The Toronto-Dominion Bank
Market Cap
$196.91B
Gross Margin
55.15%
TTM Avg
51.89%
3Y Avg
47.53%
5Y Avg
59.59%
Market Cap
$197.65B
Gross Margin
86.67%
TTM Avg
80.92%
3Y Avg
82.18%
5Y Avg
87.13%
Market Cap
$167.43B
Gross Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$227.80B
Gross Margin
84.35%
TTM Avg
82.56%
3Y Avg
84.69%
5Y Avg
86.88%
Market Cap
$160.79B
Gross Margin
93.34%
TTM Avg
89.41%
3Y Avg
87.13%
5Y Avg
83.57%
Market Cap
$256.22B
Gross Margin
64.50%
TTM Avg
63.48%
3Y Avg
70.30%
5Y Avg
75.77%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Toronto-Dominion Bank (TD) | $196.91B | 55.15% | 51.89% | 47.53% | 59.59% |
| The Charles Schwab Corporation (SCHW)vs › | $197.65B | 86.67% | 80.92% | 82.18% | 87.13% |
| BlackRock, Inc. (BLK)vs › | $181.75B | 46.70% | 48.06% | 48.19% | 49.07% |
| Blackstone Inc. (BX)vs › | $173.49B | 88.82% | 91.07% | 93.02% | 94.64% |
| Citigroup Inc. (C)vs › | $225.89B | 44.55% | 43.10% | 49.78% | 59.91% |
| Vanguard FTSE Emerging Markets ETF (VWO)vs › | $167.43B | N/A | N/A | N/A | N/A |
| American Express Company (AXP)vs › | $227.80B | 84.35% | 82.56% | 84.69% | 86.88% |
| Interactive Brokers Group, Inc. (IBKR)vs › | $160.79B | 93.34% | 89.41% | 87.13% | 83.57% |
| Wells Fargo & Company (WFC)vs › | $256.22B | 64.50% | 63.48% | 70.30% | 75.77% |
| Chubb Limited (CB)vs › | $133.42B | 29.45% | 29.13% | 27.76% | 26.38% |
Gross Margin
55.2%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-04-30 | 55.15% |
| 2026-01-31 | 53.92% |
| 2025-10-31 | 51.83% |
| 2025-07-31 | 50.56% |
| 2025-04-30 | 48.01% |
| 2025-01-31 | 45.77% |
| 2024-10-31 | 44.59% |
| 2024-07-31 | 42.99% |
| 2024-04-30 | 43.32% |
| 2024-01-31 | 43.64% |
| 2023-10-31 | 43.59% |
| 2023-07-31 | 45.84% |
| 2023-04-30 | 48.73% |
| 2023-01-31 | 52.75% |
| 2022-10-31 | 59.54% |
| 2022-07-31 | 73.17% |
| 2022-04-30 | 86.67% |
| 2022-01-31 | 89.57% |
| 2021-10-31 | 91.22% |
| 2021-07-31 | 89.37% |
| 2021-04-30 | 91.19% |
| 2021-01-31 | 84.60% |
| 2020-10-31 | 81.38% |
| 2020-07-31 | 66.47% |
| 2020-04-30 | 52.64% |
| 2020-01-31 | 65.15% |
| 2019-10-31 | 64.06% |
| 2019-07-31 | 64.92% |
| 2019-04-30 | 65.39% |
| 2019-01-31 | 62.09% |
| 2018-10-31 | 65.64% |
| 2018-07-31 | 67.69% |
| 2018-04-30 | 70.11% |
| 2018-01-31 | 70.63% |
| 2017-10-31 | 73.33% |
| 2017-07-31 | 75.26% |
| 2017-04-30 | 75.32% |
| 2017-01-31 | 76.24% |
| 2016-10-31 | 77.54% |
| 2016-07-31 | 78.37% |
| 2016-04-30 | 77.75% |
| 2016-01-31 | 78.08% |
| 2015-10-31 | 78.68% |
| 2015-07-31 | 78.88% |
| 2015-04-30 | 79.67% |
| 2015-01-31 | 78.45% |
| 2014-10-31 | 77.36% |
| 2014-07-31 | 78.82% |
| 2014-04-30 | 78.29% |
| 2014-01-31 | 76.51% |
| 2013-10-31 | 81.68% |
| 2013-07-31 | 75.51% |
| 2013-04-30 | 75.49% |
| 2013-01-31 | 74.66% |
| 2012-10-31 | 66.74% |
| 2012-07-31 | 70.14% |
| 2012-04-30 | 70.69% |
| 2012-01-31 | 70.11% |
| 2011-10-31 | 74.20% |
| 2011-07-31 | 73.73% |
| 2011-04-30 | 69.29% |
| 2011-01-31 | 68.73% |
| 2010-10-31 | 69.28% |
| 2010-07-31 | 71.06% |
| 2010-04-30 | 71.37% |
| 2010-01-31 | 69.38% |
| 2009-10-31 | 68.26% |
| 2009-07-31 | 64.77% |
| 2009-04-30 | 56.53% |
| 2009-01-31 | 53.13% |
| 2008-10-31 | 53.44% |
| 2008-07-31 | 56.22% |
| 2008-04-30 | 52.29% |
| 2008-01-31 | 52.07% |
| 2007-10-31 | 54.16% |
| 2007-07-31 | 55.69% |
| 2007-04-30 | 54.37% |
| 2007-01-31 | 54.02% |
| 2006-10-31 | 37.50% |
| 2006-07-31 | 56.62% |
| 2006-04-30 | 59.37% |
| 2006-01-31 | 58.87% |
| 2005-10-31 | 63.28% |
| 2005-07-31 | 63.24% |
| 2005-04-30 | 63.79% |
| 2005-01-31 | 63.45% |
| 2004-10-31 | 68.02% |
| 2004-07-31 | 67.41% |
| 2004-04-30 | 73.90% |
| 2004-01-31 | 69.57% |
| 2003-10-31 | 68.11% |
| 2003-07-31 | 62.88% |
| 2003-04-30 | 60.00% |
| 2003-01-31 | 61.20% |
| 2002-10-31 | 37.22% |
| 2002-07-31 | 29.96% |
